Toyota Finance Interest Rates

[Trent77 Lurker Find all posts View Profile Close Trent77]

Thanks for the heads up Wooley. If that is the case regarding the weekly/monthly issue, I will simply pay on a monthly basis. At least my cash is earning a little more interest over the year. Although considering the interest we get at the banks these days, it probably wont be enough to buy a case of beer.

[mickazine1 Lurker Find all posts View Profile Close mickazine1]

our dealer gave us 9.9% i feel robbed!! what dealer was that through, maybe i can refinance?

[D4D Addicted PP Member Find all posts View Profile Close D4D]

Keep in mind the 3.9% isn't the rate you get, the comparison rates are based on a 5 year secured consumer fixed rate loan of $30,000. Basically the worst rate you can get. The actual rate will be around 6-7%

[Trent77 Lurker Find all posts View Profile Close Trent77]

our dealer gave us 9.9% i feel robbed!! what dealer was that through, maybe i can refinance?

I went through Toyota at Woollengabba in Brisi, I dealt with James in new cars sales, he has been great, not pushy at all, nice to deal with.

[avj Junior Member Find all posts View Profile Close avj]

Just a tip for you guys (I do equipment finance), when looking at quotes for finance. Make sure you look at the repayments and not always the rate. There will be finance companies that add in monthly fee's and charges in the repayment each month but lower rate will be higher then the other company that does not have a monthly fee and higher rate. We worked out the actual rate of a quote by car dealer and it was around 12%.

[Steve M Addicted PP Member Find all posts View Profile Close Steve M]

Was in paper here in Sydney (telegraph) for 3.4 on all models including hilux's.............Reread the add this weekend, didnt mention hilux 4x4 just had hilux so not sure if this model is included ?

[Winesy Junior Member Find all posts View Profile Close Winesy]

I just got 7.5%,you can't get 3.9% on the prado,

[Jeffers Advanced Member Find all posts View Profile Close Jeffers]

I agree, you can't get 3.9% on the Prado.
You will probably find that the cars that they are offering the 3.9% finance on, you will not be able to haggle on the price. The 3.9% will be offered on the RRP only.
Also, sometimes when you haggle hard to get a great deal on a car and a good price is agreed on, the dealer's finance try to bump up the rate by a couple of percent to get back on what they lost in the deal.
When I signed up for my Prado, I used a broker for finance and didn't go through the dealer at all. When I told the dealer this they kept pressuring me to use their "Toyota" finance. I stuck with the broker as I know him personally.
I ended up getting 7.3% fixed rate/monthly repayments.

[Steve M Addicted PP Member Find all posts View Profile Close Steve M]

Anythings better then a banks personal loan, I think its about 15% or more so any thing under that if for personal use is ok.....Theres always a catch isn't there, not sure with the lady here at work she bought a corolla last time (eraly this year) they had the cheap rate, my cousin bought the same vehicle only different colour, my cousin payed cash, was about
3g difference between them, I was wondering why, your probably correct with what you say in regards to haggling and fixed price........Cheers Steve

[Steve M Addicted PP Member Find all posts View Profile Close Steve M]

16% thats cheap my mate's was 28% through I think its called GC ?? may have been the same mob, and the car was a heap of crap, poor buggar, took him a while to get over that one, same as my other mate got cought up in that home fund put out by the government, nearly sent him to the wall, he was one of the lucky ones and got out of it, not klike some other poor buggars still cought up in it. Told the wife Im going over seas and come back in by boat, get every thing handed to me then !!!!!!!!!!!!! pisses me off...........

[macktuna Lurker Find all posts View Profile Close macktuna]

I got 3.5%on my 150 d4d gxl last Christmas with a great trade in price on my 120 series. Right place, right time.

[Brett1979 Avid PP Poster! Find all posts View Profile Close Brett1979]

My car loan is through St George. They offered me a variable rate loan at the time which I thought was good idea because the interest rates were due to drop sometime soon. Wrong..... I've always had standard rate interest car loans in the past and will when I get another one for the next one. Interest rates were already bad at the time (12%), and every time the RBA raised the interest rates by .25% St George was Johnny on the spot to send me a letter within 4 days letting me know my interest rate was also going up by the same amount. This happened probably 6 times within a year following RBA increases, and a couple off their own backs as a way to make more money. Then when the RBA continuously dropped interest rates mine didn't budge one little bit for years. So much for variable. They use it to their advantage when it suits them, which is always. My interest rate has increased from 12% to 16% in 4 years. The car's nearly paid off so no point in changing lenders now. But I won't forget St. George in a hurry for doing this.

They were constantly advertising their low home loan rate, but to offset the losses they were increasing personal and car loans every time the wind changed. High home loan rates make the news. High car and personal loan rates don't.

[Hutch Addicted PP Member Find all posts View Profile Close Hutch]

Trent, can u give me an indication on price from south side Toyota?

[halfpastfour Member Find all posts View Profile Close halfpastfour]

Have just had a quote from my dealer on Toyota finance for a Chattel Mortgage at 7.48% which sounds pretty good to me, anyone received anything much better recently?

[Hutch Addicted PP Member Find all posts View Profile Close Hutch]

6.34% we got for our two cars. U should at the very least get 6.99.


Hutch- 2007 V6 GXL.
2012 V6 GXL on order.